Investment property with 5 % yield

The commercial space has been used by the same tenant as a sports and fitness center for over 25 years. With a total area of over 1,200 sqm, the center offers all relevant categories and is very popular with numerous customers thanks to its high quality standards and attractive facilities. The tenant's company is a full professional in the field of "sports and fitness centers" and operates a total of 5 comparable studios in Dresden. The rental space on the 2nd floor with 549 sqm of usable space and the additionally rented office with 69 sqm of usable space are for sale. The rental space on the 1st floor is owned by others. The rental agreements are jointly agreed and linked. The current rental agreement runs until 31.05.2030 due to an extension option exercised by the tenant. There is a further option for 5 years, whereby the rental agreement is indexed according to the CPI. The details of the rental agreement and a viewing of the property can be discussed after contacting us. You can also find first insights at www.tsc-dresden.de/pieschen/
­The property is being sold free of commission directly from the owner.

The state capital of Dresden is known for its great development after reunification. Administration, universities, clinics and tech companies as well as a huge influx of tourists are accelerating the steady and enormous upswing.
The property on offer is located directly on Großenhainer Str. in the lively and excellently developed district of Pieschen. Großenhainer Str. is one of the main axes from the center of DD-Neustadt to the BAB 4 motorway and the airport as well as to the northern districts of the city.